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10 August, 01:45

Suppose a creditor offers you an agreement where the infest accrues as follows: I=Prt, where I is interest owed ($), P is the amount borrowed, r is the yearly interest rate (%), and t is time (years). What is the mathematical relationship between I and r? Between I and t? If you're the borrower, why are these relationships important to you?

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  1. 10 August, 03:40
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    They are important becasue that decides how much money that you would pay on top of the borrowed ammount.
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Home » Mathematics » Suppose a creditor offers you an agreement where the infest accrues as follows: I=Prt, where I is interest owed ($), P is the amount borrowed, r is the yearly interest rate (%), and t is time (years).
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